PENTICTON - The City of Penticton has reached agreements to keep two major events as regular parts of the City’s events calendar. “We saw the impact that tourism has on Penticton as we returned to...
THOMPSON OKANAGAN BUSINESS NEWS
BC Housing Starts Drop by 25% in February
BRITISH COLUMBIA - Canadian housing starts rose 13 per cent to 243,959 units in February at a seasonally-adjusted annual rate (SAAR) according to the British Columbia Real Estate Association...
Cedar LNG Receives Environmental Approval
BRITISH COLUMBIA - A BC environmental assessment certificate has been issued to Cedar LNG Partners LP for the proposed Cedar LNG project in northwestern British Columbia, following a joint decision...
Blackwater Gold Mine Gets Green Light From BC
PRINCE GEORGE – All systems are go for the creation of the Blackwater Mine, expected to be the largest gold mine development project in the Cariboo in over a decade. The provincial government has...
Summerland’s Crush Dynamics Named to FoodTech 500
SUMMERLAND - Crush Dynamics Inc., an innovative agritech corporation, has been named to the FoodTech 500. The FoodTech 500 endeavors to be the definitive list of the most ground-breaking global...
BC Farmland Values Increase 8% in 2022
BRITISH COLUMBIA – The average value of Canadian farmland increased by 12.8 per cent in 2022, amid strong farm income, elevated input prices and rising interest rates. The demand for farmland...
BC Housing Market Shows Signs of Recovery
BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service (MLS) systems in February 2023,...
Canadian Economic Survey Results
OTTAWA - Canada’s economy has fully recovered from the COVID-19 crisis but faces risks from high inflation and global economic uncertainties stemming from Russia’s war of aggression against Ukraine,...
Rick Hansen Foundation BC Grants Program Supports Eight Municipalities
BRITISH COLUMBIA - The Rick Hansen Foundation (RHF) celebrates eight municipalities across British Columbia who have committed to improving accessibility through their participation in the BC Grants...
BC Mining Exploration Hit 10-Year High in 2022
BRITISH COLUMBIA – Mining exploration in 2022 hit a 10-year high in expenditures, the British Columbia Mineral and Coal Exploration Survey released March 7 states. The seventh annual survey found...
Bank of Canada Maintains Policy Rate
OTTAWA - The Bank of Canada held its target for the overnight rate at 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of...
UBCO Offers New Doctor of Education Program
KELOWNA - UBC Okanagan has a new graduate degree that will provide educators and leaders an opportunity to advance their careers while staying in their local community. A new Doctor of Education...
Fraser Institute: Women’s Economic Rights—Moving Closer to Gender Equality?
OTTAWA - Despite improvements worldwide, 42 countries continued to have restrictions on the economic rights of women over a recent two-year period while 13 countries lifted legal restrictions on...
Okanagan Residential Market Sales Heading in Positive Direction
KELOWNA - Residential real estate sales showing positive signs of normalizing compared to the previous years of over stimulated market activity, reports the Association of Interior Realtors (the...
A Poll of Canadians on the Average Family’s Taxes
74 Per Cent Of Canadians Surveyed Believe The Average Family Is Being Over-Taxed BRITISH COLUMBIA - The total tax bill continues to rise for the average Canadian family as 74 per cent of Canadians...
What You Need to Know: Navigating Canada’s Underused Housing Tax
BRITISH COLUMBIA - On June 9, 2022, the federal government enacted the Underused Housing Tax (UHT), effective for the 2022 tax year. The first filing for 2022 is due on April 30, 2023. While...
